Calculate land loan payments from purchase price and cash down payment. Compare amortization and maturity, balloon balances, interest and total purchase payments.
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One US/USD parcel purchase funded by cash down payment and one fixed-rate acquisition loan, fully advanced at purchase. Equal monthly principal-and-interest payments begin one month later. Amortization sets the payment; maturity sets the due date. Durations are whole months. Numerical bounds are supported limits, not recommended lending terms.
Principal financed
$150,000.00
Purchase price less cash down payment
Monthly principal and interest
$1,390.52
Monthly in arrears
Balloon after payment 60
$117,143.88
Remaining principal due in month 60
Maturity-month cash
$118,534.40
Regular payment 60 plus balloon principal
Cash down payment is not total closing cash. Modeled payments exclude taxes, insurance, surveys, title and closing charges, carrying costs, development and construction costs, points and fees. This estimate assumes every scheduled payment is made on time, with no interest-only period, draws, variable rates or extra payments.
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Intermediate Decimal calculations remain unrounded. Money rounds half-up to cents; ratios round to six decimals and display as percentages to two decimals. Adding rounded components or multiplying the displayed monthly payment can differ by cents from independently rounded scheduled totals.
Share of purchase price financed uses principal divided by purchase price. The denominator is the entered purchase price, not an appraisal. This is not a lender’s maximum LTV, a qualification result or an affordability score.
Land Loan reuses acquisition debt. Commercial Loan can reuse compatible acquisition terms. Seller Financing shares purchase price and cash down payment but retains a separate note. Mortgage, Rental ROI, DSCR and Maximum Loan retain their existing duration, maturity and payment-phase limitations; navigation does not convert a balloon loan into a fully amortizing loan.
Deterministic checks based only on this scenario's inputs and outputs.
Remaining principal must be repaid at maturity. Refinancing or a sale may be unavailable or insufficient; neither is guaranteed.
Cash down payment is not total closing cash. Modeled payments exclude taxes, insurance, surveys, title and closing charges, carrying costs, development and construction costs, points and fees. This estimate assumes every scheduled payment is made on time, with no interest-only period, draws, variable rates or extra payments.
Rates change by −1, −0.5, 0, +0.5 and +1 percentage points. All other inputs stay fixed; each row reruns the engine. Rates outside 0–100% are omitted. These are scenarios, not recommended terms.
| Rate change | Annual rate | Monthly payment | Balloon | Interest through maturity |
|---|---|---|---|---|
| -1.00% | 6.50% | $1,306.66 | $115,075.68 | $43,475.34 |
| -0.50% | 7.00% | $1,348.24 | $116,119.20 | $47,013.75 |
| Base | 7.50% | $1,390.52 | $117,143.88 | $50,574.99 |
| +0.50% | 8.00% | $1,433.48 | $118,149.39 | $54,158.08 |
| +1.00% | 8.50% | $1,477.11 | $119,135.47 | $57,762.03 |
Formula reference
Money is displayed in USD and rates are entered as percentages where applicable. Formula version land-loan@1.0.1 stays attached to the result.
P = S − D; financed share = P ÷ S
S is land purchase price and D is cash down payment. Principal is derived, not an independent input. Share of purchase price financed uses principal divided by purchase price. The denominator is the entered purchase price, not an appraisal. This is not a lender’s maximum LTV, a qualification result or an affordability score.
M = P × r ÷ (1 − (1+r)^(−A)); at r = 0, M = P ÷ A
r is nominal annual rate divided by 12; A is amortization in whole months. Payments begin one month after purchase.
B = M × (1 − (1+r)^(−(A−T))) ÷ r; maturity-month cash = M + B
B is remaining principal immediately after regular payment T. At zero interest B = P×(A−T)÷A, evaluating principal times remaining months before division to preserve exact half-cent ties; at T=A, B is exactly zero. Maturity-month cash includes payment T once and balloon principal once.
Regular total = M×T; principal repaid = P − B; interest = M×T − (P − B)
Interest is exactly zero at zero rate. Total loan payments = M×T+B. Modeled purchase payments including down payment = D+M×T+B = S+interest. Principal repayment is not interest. Intermediate Decimal calculations remain unrounded. Money rounds half-up to cents; ratios round to six decimals and display as percentages to two decimals. Adding rounded components or multiplying the displayed monthly payment can differ by cents from independently rounded scheduled totals.
Example scenario
A $200,000 parcel, $50,000 cash down, 7.50% nominal annual interest, 180-month amortization and 60-month maturity. These are editable examples, not recommended lending terms. Rendering does not save them; Use example explicitly saves the owned inputs.
Open the example in the calculatorPrincipal financed
$150,000.00
Share of purchase price financed
75.00%
Monthly P&I
$1,390.52
Balloon after payment 60
$117,143.88
Maturity-month cash
$118,534.40
Interest through maturity
$50,574.99
Total loan payments
$200,574.99
Including cash down payment
$250,574.99
FAQ
Amortization determines the monthly payment; maturity determines the due date for unpaid principal. Both use whole months. With 180-month amortization and 60-month maturity, principal remains due after payment 60. With maturity at month 180, the balloon is zero and the last regular payment still occurs.
No. Here the balloon is remaining principal immediately after the last regular payment. Maturity-month cash adds that payment once: $1,390.52 plus $117,143.88 gives $118,534.40 in the example.
No. It divides principal by entered purchase price, not appraised value. The result does not establish a lending limit, qualification or affordability. Supported input bounds are numerical limits, not recommended loan terms.
No. Cash down payment is separate from closing cash. Taxes, insurance, surveys, title and closing charges, carrying and development costs are excluded. Roads, utilities, improvements, construction draws, points and interest-only periods are outside this model.
Commercial Loan reuses compatible acquisition terms. Other calculators retain their established duration, maturity and payment-phase limits, with explanations for unsupported terms. Seller Financing shares price and down payment but keeps its separate note. Navigation alone writes nothing.
Read the supporting methodology, then compare this result with another view of income, financing, or project returns. Each calculator uses its own transparent assumptions.